The price of Procter & Gamble Co. (NYSE:PG) shares last traded on Wall Street rose 0.90% to $168.80.
PG stock price is now 1.13% away from the 50-day moving average and 6.37% away from the 200-day moving average. The market capitalization of the company currently stands at $397.36B.
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With the price target reduced from $182 to $175, Jefferies Downgraded its rating from Buy to Hold for Procter & Gamble Co. (NYSE: PG). On July 23, 2024, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $189, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, Moeller Jon R, Chairman, President and CEO sold 72,174 shares of the company’s stock on Aug 09 ’24. The stock was sold for $12,342,440 at an average price of $171.01. Upon completion of the transaction, the Chairman, President and CEO now directly owns 263,158 shares in the company, valued at $44.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, CEO – Beauty Keith R. Alexandra sold 4,163 shares of the business’s stock. A total of $712,071 was realized by selling the stock at an average price of $171.05. This leaves the insider owning 17,350 shares of the company worth $2.93 million. A total of 0.06% of the company’s stock is owned by insiders.
During the past 12 months, Procter & Gamble Co. has had a low of $141.45 and a high of $171.72. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 0.73, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $422676791296, which is based on a 28.04 price-to-earnings ratio, a 4.15 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for PG is $166.9952 and a two-hundred day moving average price translates $158.7904 for the stock.
The latest earnings results from Procter & Gamble Co. (NYSE: PG) was released for 2024-06-30. The net profit margin was 17.37% and return on equity was 30.66% for PG. The company reported revenue of $20.53 billion for the quarter, compared to $20.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.1 percent.
